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Western Asset GSM 7-Year Portfolios

As of 09/30/2025

Year to Date Returns (Net)

3.84%

 
 

Year to Date Returns (Pure Gross)

5.36%

 

Overview

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Investment Overview

The Western Asset GSM 7-Year Portfolios actively manage U.S. Treasury bills, notes, bonds and U.S. government agency securities to seek to maximize total return. GSM 7-Year has a maximum average maturity of seven years and is benchmarked to the Bloomberg Capital U.S. Intermediate Treasury Bond Index.

Investment Objective

Seeks to produce total returns over complete market cycles that exceed appropriate benchmark returns. As part of this total return investment approach, the portfolios seek to preserve principal.

Investment Philosophy
  • Long-term
  • Active duration management
  • Sector rotation between Treasuries and Agencies
  • Strive to add incremental value over time and potentially reduce volatility
  • The GSM 7-Year Portfolios predominantly focus on U.S. government debt (including Treasuries and Agencies)
Key Differentiators

Leverage Western Asset Management Resources

  • Institutional-caliber buying power and trading expertise
  • Access to proprietary credit research team
  • Exclusive focus on fixed income management

There is no guarantee that the Portfolio's objectives will be met.

Investment Process

Investment Process

Step 1 - Interest Rate Exposure/Duration Weighting

Western Asset’s investment team comprehensively analyzes a variety of domestic and international macroeconomic factors to establish a duration target.

Step 2 - Term Structure Weighting

The Firm carefully employs strategies in an attempt to take advantage of changes in the yield curve’s shape and shifts in the relationship between short-, intermediate- and long-maturity securities.

Step 3 - Sector Allocation

Western Asset seeks to add value to a portfolio by actively rotating between the Treasury and Agency sectors.

The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. There is no guarantee investment objectives will be achieved.

Meet Your Manager

Western Asset

Western Asset Management is one of the world's leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.

Performance

Portfolio

Documents

Product Literature

PDF Format

Factsheet - Western Asset GSM 7-Year Portfolios - Primerica Use Only

PDF Format

Product Commentary - PRIMERICA - Western Asset GSM 7-Year Portfolios

PDF Format

Pitchbook - PRIMERICA - Western Asset GSM 7-Year Portfolios

Risks

What Are the Risks?

All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls.

This website is intended for Primerica.